According to an SEC filing, the Dallas-based REIT has gone hardon the deal with $1 million of earnest money. The 14-story class Atower and attached four-level parking garage are situated on 5.4acres plus there's an extra 2.3 acres of surface parking that opensthe development door when the REIT or Noble Energy is ready toexpand the campus at 100 Glenborough Dr. in the Greenspoint/NorthBelt office submarket.

Commercial Developments International bought the multi-tenantasset in February 2006 from Chicago-based Equity Office PropertiesTrust for $25 million to $30 million, according to publishedaccounts. After adding its value, Commercial Developments returnedits only Houston asset to the market in a no-ask offering headed upby Rudy Hubbard, managing director of Transwestern Houston, andassociate Leah Gallagher.

Hubbard tells GlobeSt.com that the seller "added quite a bit ofvalue" during the 20-month hold by converting the asset, which was75% leased to Noble Energy, into a single-tenant building andextending the tenant's lease by 11 years. The new pact won't expireuntil 2018, he adds.